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Americans can no longer afford their cars (www.newsweek.com)

submitted 10 months ago by jack@hexbear.net to c/urbanism@hexbear.net

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But as things stand, cars are still really expensive for many Americans. Just 10 percent of new car listings are currently priced below $30,000, according to CoPilot. Things are not much better in the used car market, where only 28 percent of listings are currently priced below $20,000.

According to an October report by Market Watch, Americans needed an annual income of at least $100,000 to afford a car, at least if they're following standard budgeting advice, which says you shouldn't spend more than 10 percent of your monthly income on car-related expenses.

That means that more than 60 percent of American households currently cannot afford to buy a new car, based on Census data. For individuals, the numbers are even worse, with 82 percent of people below the $100,000 line.

$100k to afford a car! Wtf.

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[-] wopazoo@hexbear.net 23 points 10 months ago

only western tourists are permitted to ride them

the chinese people riding the trains are paid actors

[-] jack@hexbear.net 29 points 10 months ago

correct, but they aren't paid - there is no money in China, except for Mr. Xi, who is the richest man in the world, which he uses to buy off everyone in China (they receive no money in this exchange)

[-] wopazoo@hexbear.net 14 points 10 months ago

there is no money in China

the chinese billionaires are paid actors

[-] jack@hexbear.net 12 points 10 months ago

this process of Mx. Ping paying everyone in China (with no money) is the socialist dream (nightmare) of wealth redistribution, where the richest person gives all their money (there is no money in China) to everyone else (who is an unpaid acting intern)